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in for his second term as the 44th president of the united states. good morning. i'm gwen eiffel and welcome to his pbs news hour special coverage of today's nailingration. >> i'm jeffrey brown. it's a bright sunny day here in washington. temperatures remain in the 30's. that's a bit warmer than four years ago for the president's first inauguration. that of course saw a record-setting crowd, nearly 2 million people. no one is expecting anything quite like that this time around but still, folks have been finding spaces on the mall tonight since the sun came up. you can see them setting up spots now. we will be covering the entire inaugural ceremony live. and if you're not at your tv you can watch our live stream on our home page at news hour.pbs.org or follow us on twitter. >> this earmarks the 150th anniversary of the man'spation proclamation. you can see bill and hillary clinton on the podium. there are also people there celebrating the election of the first african-american president. president obama is only the 16th sitting chief executive to be returned to office. he is the first preside
boehner. hold on, says columnist rockman. we expect too much of obama he says because in the united states, we subscribe to the quote, unquote myth of the imperial presidency. other transformational democratic presidents such as fdr and lbj, rockman says, have substantial democratic majorities in both the senate and in the house to enact their landmark legislation. obama in contrast has had to work with a narrow democratic majority in the senate and with an opposition party, the republicans in control of the house for the two years since january 2011. well, what about ronald reagan? president of the united states two successful four-year terms. on the domestic front, he enacted a major economic recovery package followed by an overhaul of social security. and in his second term, reagan gained a major tax reform. on the defense front, republican president reagan again with the help of the rity presided over a major increase in the defense budget, congress presided over a major increase in the defense budget, the defe including straby millions of protesters here and abroad. also commander in
. people want to travel in things like that. a lot of people have not been out of the united states. i consider myself more of a spiritual person that i do political. i am more concerned with the truth, more concerned with white people will not adhere to it and why they see themselves as us against them. i used to think that we were the ones that came up with that. we did not start a lot of these wars. we do not want to go to them. tavis: in 2009 he had released three new projects all the same time. we spent two nights>> for more prince.ion with he spoke publicly about his bouts with epilepsy and how that shaped his life. >> i am in a celebration. i am thankful to be alive. i am thankful to have the friends and teachers that i do. i have spent the last year just playing when i feel like it and i really look forward to this time in my life. i happened to come across that show, "unforgivable blackness," the story moved me. he had to do with insurmountable odds all the time. if he would knock somebody down, people in the audience would get into the ring and pi r him back up. to continue
of two things: one is a business environment in the united states that allows companies based here to compete successfully in the global economy but while maintaining or improving the standard of living of americans. we have to do those two things together to be truly competitive. if business is succeeding by cutting wages, that's a sign we're not competitive. so competitiveness is fundamental not only to companies and business but also really to the future prosperity of american citizens. >> susie: michael, people say that in order for the u.s. to be competitive it has to be a center for innovation. by that definition, how are we doing? >> well, i think the u.s. actually remains a tremendous juggernaut in terms of innovation. if you look at r&d speing in the entire world, we account for by far the largest share of r&d spending. we continue to be a major source of patenting and new companies. but the problem is not so much today innovation, the problem is that our business environment has got sufficiently inefficient and high cost and cumbersome that we're not able to capture the f
under what circumstances the debt of the united states should be paid or could be paid. it gets into really nasty stuff. >> reporter: but veterans of washington's budget battles say the rhetoric jack lew will face will be much nastier than the ultimate outcome. >> the debt ceiling is going to be an ugly fight, perhaps as ugly or even uglier than what we went through at the end of last year, but the real fight is not over the debt ceiling, the real fight is over deficit reduction and the debt ceiling is not a lever that will ultimately be pulled. being treasury secretary over the next couple of years is not going to be an easy job, tom. >> tom: what do we know about lew's background, darren, that could inform us how he may treat the negotiations over the debt ceiling? >> he has been described to me as a pragmatic progressive. he has been around for 25 years in washington, and he has been involved in almost all of the major budget battles. so he is widely respected. he really knows his stuff, and he is seen as a calm but fierce negotiator. >> tom: did he play any role back in augu
economy not being led by the united states. not a singular globalization. some of those countries will have much slower years than they had before. i'm thinking about india. some of those countries will grow quickly, but they will have much more conflict with foreign nations, and investing will be much more dangerous. here i'm thinking about china, and some of the emerging markets don't deserve to be called emerging. the they should be called sub merging. in particular, i'm thinking about russia. two-thirds of the worlds economic growth comes from emerging markets, and yet they are manage more volatile and unstable. >> i have to mention the united states bu the u.s. appears on your list of global worries. even after we address the tax cuts and the fiscal cliff? >> less worrisome, but less worrisome in the united states is the housing structure, and we've got stock markets doing relatively well, and we have a massive energy boom we're just in the beginnings of. but washington politics are toxic and getting worse. the debt limit and the frustration will be harder to deal with than t
, but a little lighter than consensus, around 48 million iphone units, 22 million ipad units, a little less than consensus, and a little disappointing to investors, and certainly when you have the forecast that was light on top of it, it makes for a disappointing quarter. >> tom: i can already hear those apple shareholders saying financial expectations are just impossible for apple to exceed. they're so high. what do you say to them? >> well, i think investors may have caught up to apple's stunning growth, but perhaps the law of large numbers, i think growth is getting increasingly harder to achieve. i think the easy growth has already happened in the iphone in developed markets like the u.s. the next wave of growth will come from emerging markets, from china and lower-priced phones. so apple may have a harder time getting that sort of growth. >> tom: i think 61% of its business last quarter was done internationally. showing how important the international shares are. what about comply constraints that apple may have experienced. there was lots of talk about that with the apple iphone 5. are tho
.5 million potential units a year ago, that is down to 2 million. i would emphasize that offsetting that is latent demand, all of these people doubling up are beginning to move back into the market. and it is giving them the wherewithal to buy homes of their own. >> tom: richard dekaser with us in washington with wells fargo. thanks, rich. >> my pleasure. >> susie: after weeks of speculation, facebook is adding a new search feature to its social media service. it's called "graph search," and it's designed to help users sort through content on the site. but is this a game-changer for the company? erika miller reports. >> reporter: it was facebook's first major press event since its initial public offering flopped in may. before the announcement, there was speculation facebook could unveil a smartphone or a web search engine, so a social search feature came as something of a letdown. the tool will help users search their social network for information that has already been shared with them. for example, a facebook user taking a trip to london might ask for "restaurants in london my fr
on local conten concontent in small towns throughout the united states. it's well known in "usa today" and sometimes people forget about their local communities. if you think about it, local communities can't get their news through the internet. they're not going to be able to find out what's happening in their local communities except going to their local newspapers. we think that's very powerful. also, they have extra assets. they own career builder, the majority owner of career builder, other terrific internet assets and they also own local broadcasting television stations that have condition exceedingly well. >> susie: okay. well, speaking-- >> we really do love gannett. >> susie: oh, okay. speak of television station, you have another media company on your list, cbs, a very familiar name to all of our viewers. what's the attraction of cbs at $42 a share? >> well, cbs has great content. which is really important. and, you know, you think about "c.s.i." "the lucy shoz, their great sports programming. so they're able to monetize all those great great assets and they also have other
the world. those personal relationships are critical for the ability of the united states to bring people along with her. >> she stands alone. no other secretary of state has ever traveled that much. they've never been away that much. >> maybe not that much, but secretaries of state have been traveling a heck of a lot more over the last few years. >> are you saying she has redefined the secretary of state position and role? >> no, no, no. >> i think what she does is a part and has been a part of the secretary of state role -- >> i bet they haven't even traveled a quarter of the miles. >> john, you ought to have somebody there -- >> she surpassed a predecessor, i think it was madeline al bright who held the record. >> what was albright's record? >> this is a million miles. >> excuse me, hillary just passed that record in the last couple of months. so it's not that big a deal. >> john what you're saying -- >> pat, please, i would like to finish. >> go ahead. >> in terms of the accountability here, there was an accountability aboard that she appear pointed that reported, that calls for like
to be the united states. tavis: where? >> i got a visa from the university of new mexico. i flew with a dollars in traveler's checks in my pocket. when i landed, i was $5 short for my ticket. an american man behind me gave the $5. that was my first impression of america. that people are generous and helpful here. tavis: the extra $5 got you to new mexico. >> right. tavis: but when you get here, your english is not so good. >> yes, i tried to learn more, but i could not remember anything. tavis: so you soldiered to new mexico. it is one thing when you do not have any money, but you cannot speak the language. when you get to new mexico, how do you navigate your way through? how do you make this work? >> all right, first, i studied english as a second language. the connections to the homeland, i knew i could not go back. i knew i had to stay here. i stayed with my english teacher so that i could learn more english quickly, and then i observed that my english teacher could not find a job with a ph.d. in literature. tavis: that is not funny, but it is. >> so i thought i was going to study comparativ
. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: republicans called the president hypocritical for saying he will not negotiate over the debt limit while blasting republicans for refusing to negotiate. and they fired back that the debate over the debt ceiling was the perfect time to consider legislation to cut spending. at the same time, only a handful of republicans have actually said they'd let the united states default on its bills. >> the president claims this, but republicans have always raised the debt ceiling. we've never seen the debt limit fail to be raised. all they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we don't want to give the president a blank check. we would like to fix the substantive problem which is the level and the growth in the debt. >> reporter: markets are almost treating the fight over the debt ceiling as the sequel to a bad movie. and investors have a pretty good feel for how this cliffhanger ends. >> they don't really care about the
to rein in their budget deficits. if the united states, germany, japan and the united kingdom all cut spending at the same time, they'll all have less money to spend buying goods from each other. >> and then all of our tax revenues decline because economies are slower then nobody is meeting their budget targets and then somebody else says, "oh well, i better tighten up further and then the cycle starts over again. and the point is we do have to pay our bills eventually, but all of us doing it too fast makes it harder for each one of us to pay our bills. and so you need some kind of coordination to keep from making life harder. >> reporter: but if he's confirmed by the senate, lew's first crisis will be finding a way to work with republicans in congress to raise the nation's debt ceiling. if he can survive that battle, global financial fights will probably seem pretty easy. darren gersh, "n.b.r.," washington. >> susie: also in washington today, new rules to protect consumers from risky home loans. the consumer financial protection bureau says the rules make sure home buyers understand
studying math and science at universities across the united states should get a green card when they graduate. >> right now, there is a student wrestling with how to turn their big idea, their intel or instagram, into a big business. we're giving them all the skills they need to figure that out, but then we are going to turn around and tell them to start that business and create those jobs in china or india or mexico. that's not how you grow new industries in america. >> reporter: but for every opening at a top high-tech firm, there are often dozens of applicants. the president's opponents say that's hardly a sign of a labor shortage. darren gersh, "n.b.r.," washington. >> susie: the federal reserve today kicked off its first meeting of the year and will announce its interest rate policy decision tomorrow. investors will be listening for any changes. the fed has said it will keep interest rates near zero until the unemployment rate dips below 6.5%. right now, that number is 7.8%, and inflation stays below 2.5%. and it is committed to spending $85 billion a month in buying bonds
're talking about a very active and i think in some ways very out queer community across the united states. or whether we're talking about an enormous body of young voters who are either ignored or sort of pandered to or in some ways, you know, kind of distorted, i think that what we're having is a new country emerging that's been in the making for a long time, and that in different regions we've already seen its face. but i think for the first time, sort of revealed itself more fully to the entire country. >> are there no honest mirrors reflecting back to us what you just talked about? >> sure. but, you know, you've got to really be interested in that. and sometimes your mindset, you know, doesn't allow you to see it. i mean, how many people do i know who work in a building where every single person who makes that building possible is latino, you know? and yet, when you ask them, "do you know any latinos?" they're like, "nah, really, the latino community's growing?" and yet everybody that holds the door, all the way up to the guys who run the mechanical systems in the building. and so, of
committee's ranking republican, orrin hatch. a trio of perpetrators who treat the united states treasury as if it were a cash-and-carry annex of corporate america. the "times" story described how amgen got a huge hidden gift from unnamed members of congress and their staffers. they slipped an eleventh hour loophole into the new year's eve deal that kept the government from going over the fiscal cliff. and when the sun rose in the morning, there it was, a richly embroidered loophole for amgen that will cost taxpayers -- that's you and me -- a cool half a billion dollars. yes, half a billion dollars. amgen is the world's largest biotechnology firm, a drug manufacturer that sells a variety of medications. the little clause secretly sneaked into the fiscal cliff bill gives the company two more years of relief from medicare cost controls for certain drugs used by patients on kidney dialysis. the provision didn't mention amgen by name, but according to reporters lipton and sack, the news that it had been tucked into the fiscal cliff deal "was so welcome that the company's chief executive quick
analysts in washington. they argue markets will see a failure by the unit ed states to pay any of its bills as a threat it could one day stop paying some or all of its bills, including interest on its debt. >> if we pay the chinese the interest we owe them on their sovereign debt holdings, on time and in full, but we don't pay social security recipients or armed services personnel their salaries, is that a default? well, of course it is. >> reporter: a recent inspector general's report found the treasury doesn't have the computer systems in prioritize some payments over others. so if the treasury runs short of cash, it would most likely delay writing checks until it collects enough in tax revenues to avoid going into the red. but that means unpaid bills would pile up and take longer and longer to be paid. >> it's almost a reverse ponzi scheme where you just get worse and worse and at some point, at some point and we're working on it right now, you won't be able to pay the interest on the national debt, because you won't have enough cash coming in. >> reporter: it's hard to tell how much of
workers about in the united states. 70% to 80% of them are here without their papers. we have 5,000 permanent residence visas for people without a college diploma. we have husbands and wives that are separated for half a decade. that's not acceptable. we need to reform the system for the economy and for american families. >> and what she told me is this is a real imperative. what's new, it also is now an imperative for republicans. the election results from last november made clear the republican party needs a message for latino, asian-americans and immigrant groups if they have any chance of recapturing the white house. >> scott, this is carla marinucci. what's your thoughts on this? we've seen paul ryan, marco rubio extend a hand to president obama so to speak and suggest they are ready to talk about immigration reform. what's the biggest hurdle here? >> well, i think the biggest hurdle in the end is going to be politics, of course, but the issue of citizenship. what marco rubio outlined this week and last weekend is very close to what president obama talked about in 2011. and
, are they not? >> they are. and, in fact, 2011 was an all-time record year in the united states, for example. we had 14 individual climate and weather related disasters that each cost this country more than $1 billion. that was an all-time record, blew away previous records. and in 2012, we had events ranging from the summer-like days in january in chicago with people out on the beach, clearly not a normal occurrence, an unusually warm spring, record setting searing temperatures across much of the lower 48, one of the worst droughts that america has ever experienced, a whole succession of extreme weather events. and i haven't even gotten to hurricane sandy yet. >> right. >> and the real question is at what point do we put on the brakes? so let me just use a simplifying analogy here. in some ways this issue is kind of like we're in a car driving through a very dark night, there're kids in the back, they're not buckled. we're fiddling with the radio, we're probably eating something at the same time and we're passing warning signs that are saying, "curvy road up ahead. mountain road up ahead. be ca
of confidence is supposed to work. i mean, it's the united states is not like a european country that doesn't have its own currency. the u.s. government cannot run out of cash unless congress prevents it, you know creates an entirely self-inflicted shortage through the debt ceiling. how is it exactly that we're supposed to have this crisis that leads to a double dip recession? it really doesn't even make sense as a story. and yet it is one of those things that people say and by and large, are not contradicted on. >> we keep hearing from the right that we're here on the path to becoming greece, and you say that that's impossible? >> yeah. we, even if, suppose that people decided, investors decided they don't like u.s. government debt, it can't cause a funding crisis because the u.s. government prints money. it's even hard to see how it can drive up interest rates because the fed sets interest rates at the short end, and why exactly would the long run rates go up if you don't expect the fed to raise rates? it could lead to a weakening of the u.s. dollar against other currencies. but that's ac
term as president of these united states. we're glad you joined us on the 10th anniversary of this program, a look back at our conversations with barack obama coming up right now. >> there is a saying that dr. king had that said there is right thing. i just try to live my life every day by doing the right thing. we know that we are only halfway to completely eliminate hunger, walmart committed $2 billion to fighting hunger in the u.s. stamp hunger out. >> and by contributions to your pbs station from viewers like you. thank you. >> barack obama was a little- known state senator from an aillinois. the third african-american in the u.s. senate. i spoke to him after his great victory in illinois at a time when most people knew him as a skinny kid with a funny name from the south side of chicago. the phrase you have been accustomed to using, the skinny kid with a funny name from the south side of chicago. beyond that issue, how did you get beyond getting beyonpeople o vote for a guy whose name they could not renounce? >> they still screw it up sometimes. the call me alabama or
." the undersecretary of the united nations said to him, "martin, if the state it -- if the state of alabama is against yours, who do you think they will believe?" tavis: i want to be respectful, but i want to find a way to ask this question. any number of comedians -- we have all seen any number of comedians step to the stage and make the joke about how they cannot understand how coretta scott king would not get remarried after martin king. how do you follow up martin luther king jr.? who are you going to get with? what do you do after dr. king? on a serious note, i wonder why or whether or not it was a conscious decision for you cannot remarry after all these years? >> let me just say, why are you not married? [laughter] [applause] tavis: that is a good question. she is good. >> and you don't have the answer. tavis: i thought we were friends. >> let me just say that what people would not realize, i married martin luther king jr., who learned to love -- it was not love at first sight. because he was such an extraordinary human being and our values were so similar and our outlooks were so much alike, w
outside the united states, someone who continues to inspire people on issues of human rights and democracy. so that was my goal in terms of writing this book, trying to say, here is my experience. maybe that will help you understand more about martin luther king, who he really was, not just this figure that we celebrate every year, but a real, living human being with all his flaws and limitations. that is what i wanted to present readers. tavis: he is the person selected by the late great coretta scott king to be the editor of the papers of her husband. his new book is called "martin's dream." clayborne carson, an honor to have you on this program. i am grateful and indebted for your work, to bring his words to us through the papers project. i hope to see you sometime soon. >> good to talk to you, as always. tavis: that is our show tonight. see you back here next time on pbs. until then, happy king day. as always, keep the faith. >> for more information on today's show, visit tavis smiley at pbs.org. tavis: hi, i'm tavis smiley. join me next time for a conversation with -- from washington
their child to be the president of the united states, to be a lawyer, to be a doctor, and they want the best education. they want a safe, affordable home to live in, and the women we work with are investing so much in their children. they are having to trade off for whether they are keeping the lights on or paying for food. that is unconscionable, and i think all of us can expect more. what we need to do is make sure low income women are included. the women i spoke with our genius. they are brilliant. they are fantastic entrepreneurs. they are wise, and they are stronger than any of us on the stage. it is a brain trust we are not utilizing. we need to make sure low income people are part of the national dialogue and being listened to in congress not just as special interest lobbyists. we need people taken seriously as national experts. >> i sit on the agriculture committee, which is a committee with jurisdiction of food stamps. we just passed of foreign bill where my colleagues voted to cut food stamp spice $16.5 billion -- by $16.5 billion, and i voted against it because i thought it was ou
's biggest business unit by sales, it's p.c. group saw revenues fall 6%. as consumers have shifted buying habits to tablets and smartphones, it has hurt the traditional computer business. before the news, intel stock climbed 2.6% during the regular session. shares were at their highest price since october. it's outlook for sales this year was slightly below what wall street analysts anticipated. shares were down about a half percent in extended hours trading. it won't hurt operating results but higher than expected subsidy force the smart phones sold over the holidays and damage from superstorm sandy will. shares have been trading near 6 month low os falling practice before tonight's warning, they fell another 1% from this closing price and extended hours trading. leading the consumer sector was media giant c.b.s. it wants to get out of the outdoor billboard business. it plans on converting its outdoor ad business in north and south america into a real estate investment trust, and selling off the same business in europe and asia. the news fueled a rally in c.b.s., as well as, in two of it
're not alone. the flu has officially reached epidemic proportions in the united states. the centers for disease control and prevention say more than 7% of deaths last week were caused by pneumonia and the flu. it's expected to be the worst flu season in a decade. but it's not just a public health issue, there's the potential for a real economic impact, costing employers billions of dollars. erika miller reports. >> reporter: hospitals like montefiore medical center in the bronx are reporting big spikes in flu cases. here, as many as 40% of people seeking emergency care have flu symptoms. >> in our pediatric emergency room, we are seeing in the range of 200 patients a day. and at that point, it's difficult to manage with all the staff that we have and the rooms that we have. >> reporter: the situation has gotten so bad in the big apple, that it's new nickname is "flu york city." but many other places are getting slammed by the flu, too. as this map from the centers for disease control shows-- the epidemic is widespread across the nation. unfortunately, the flu's early arrival, and this year's pa
in the united states. the cost of health care is going to keep going up. it's going to go up because we're getting older, and as we get older we use more health care, and its going to go up because science is keeping on producing wonderful new things that physicians and hospitals can do. and they cost money. what we can do is eliminate the needlessly expensive way in which we now provide health care. >> reporter: as we saw with the fiscal cliff, it often takes a firm deadline to get something done in congress. major entitlements like social security and medicaid, the problem is gradual. it is a slope not a cliff and that could make it even harder to get something done. sylvia hall, "n.b.r.," washington. >> tom: florida's warm and sunny winter weather is good news for orange juice drinkers. good growing weather has pushed down the price of orange juice futures. they're trading close to their lowest price since november. prices have dropped 20% in less than a month as worries over citrus greening have faded. but concerns about that disease, continue in florida's orange groves. allison wor
of the united states and the first term of barack obama, went up over $4 trillion? >> $5 trillion. >> over 5? >> it is going up 4 more in the next four years. >> so he has to keep that off the table. that is bad for obama. >> no, he didn't. >> it is disastrous for obama. and the country. >> i mean historically. it is bad for him. he has a second term. >> john, we're running a trillion dollar deficit every year. and they haven't cut spending at all. >> how bad is that for obama to have run up that kind of a national debt? >> it is very bad for the country. therefore, i assume it is going to be seen as bad for the president. but there is a note that -- >> 5 trillion. >> or 16 trillion. >> look at over 200 years to develop a deficit of, a debt of $200 trillion. we did $5 trillion in the last four years. >> we have an economy that still needs short-term stimulus. we do have the long-term cuts. cut the debt. and the voters -- >> no. >> and the voters trust this president to protect their interests as opposed to the republicans on capitol hill. >> you have 15 secondses max to close this off. what
systems in the united states. >> if not the world. those were his words. >> really? >> yes, yes. >> so what are his options otherwise? >> so the state was required to submit a plan to reduce the population. it's in state, it's about 119,000 now. they need to get it to 110,000. there's a plan. they filed it under protest. it would involve reducing sentences for some offenders considered low risk. it would essentially release some inmates early. the governor said it's bad policy, we shouldn't do it. he may have to anyway. >> so he's really facing some multiple pressures. >> absolutely, from the counties, from the courts. internal. you talked about that. he said he was kind of walking the middle line here between what he called extreme positions on either side. >> the old paddle on the left, paddle on the right jerry brown school of government. where does sentencing reform fit into this? if we're really going to effect prison population, aren't we supposed to be changing why and how we send people to prison? >> that's the concern. the concern is we're just moving people to jail but not re
for the united states of america. >> do we choose to be born? are we fitted into the times we're born into? >> you may be. tavis: i think i'm gonna use the word "myth." there is a myth or certainly there is a narrative that we've wrestled with for years about who mary todd lincoln was. clearly, she was grief- stricken, but what was the challenge to you to portray her in the way that is what the film called for versus what we have heard and thought about molly? >> well, i had to go in without any preconceived ideas of anything that i might have thought she was. since i had been sort of looking at her for so many years, i had less preconceived ideas than maybe most people. i read five biographies on her, so it was really piecing together her psychology of why she behaved the way she did and some of the documented things that we know that she behaved certain ways. the task is then what the task is. you take tony kushner's magnificent complicated screenplay and you put all those pieces together of all the research i had done, the interior and the exterior. i gained 25 pounds to try to, you kno
doubt or uncertainty for businesses or the global economy about the simple proposition that the united states always pays its bills. >> reporter: at a house hearing on the debt ceiling debate, simon johnson, a former chief economist for the i.m.f. warned the continuing controversy could roil global markets and hurt the u.s. at home. >> if you don't raise the debt ceiling now, or if you postpone this confrontation, if you say every 60, 90, or 100 days, we're going to again have the same kind of conversation about the debt ceiling, you will continue to have this sort of spike in policy uncertainty. you will continue to undermine the private sector. you will continue to delay investment and to reduce employment relative to what it would be otherwise. >> reporter: the debt ceiling extension would allow the treasury to pay the nation's bills through at least may 19. darren gersh, "n.b.r.," washington >> tom: the u.s. housing market had a quiet end to its best year since 2007. sales of existing homes fell unexpectedly in december by 1% down to a 4.94 million annual rate. analysts note the dr
and millions and millions of each unit every quarter. >> susie: all right. we have to leave it there. colin, any disclosures to make about apple or microsoft sm. >> we don't phone the stock and we have done no investment banking. >> susie: thanks for coming on colin gillis technology analyst. >> reporter: still ahead, wall street gets a new top cop, we look at mary jo white, the president's nominee to lead the securities and exchange commission. >> tom: while tech stocks stumbled today, the blue chips and the broader market managed to end another session at five year highs. the dow rose 46 points, the nasdaq lost 23, but the s&p gained the slightest of fractions to another new high. >> tom: helping stocks was some encouraging news on the jobs front: the number of people filing for unemployment benefits for the first time fell last week to a level we haven't seen since 2008. 330,000 people filed new claims for unemployment insurance, that was far lower than expectations. could this be another sign that the jobs picture is continuing to improve? ruben ramirez reports. >> reporter: much like t
in the united states. >> susie: and as u.s. investors, pull out of bonds, and pile into stocks, we talk stocks for the long-run with wharton professor jeremy siegel. >> tom: that and more tonight on "n.b.r."! >> susie: marissa meyer is smiling tonight. yahoo's new c.e.o. delivered strong earnings after the market close, and shares of the web portal surged more than 5%. those results come at a crucial time for meyer who took the top job just six months ago, and wanted to prove to investors she is reviving yahoo. the company posted fourth quarter earnings of $0.32 a share, a nickel more than expected. revenues, came in at $1.2 billion, barely above analyst estimates. >> susie: that news could set the tone for trading tomorrow, but on wall street today, stocks struggled. the dow fell 14 points, the nasdaq rose four-and-a-half, the s&p 500 lost almost three points, breaking an eight- session winning streak. >> tom: tonight's "word on the street" is yahoo. nicole urken is a research associate at thestreet.com. she joins us from new york tonight. nicole, let's focus first on the core business, the u
average. chesapeake is the second largest natural gas producer in the united states after exxon mobil. a deal in the natural gas business is focused on pipelines. kinder morgan energy partners will buy copano energy for $3.2 billion. it values copano at $40.91 per share. shares of the buyer, kinder morgan, fell 2.3%. while copano gained 14.8%. copano has nine processing plants and 6,900 miles of pipelines. a smaller deal in the office products industry. avery dennision is selling two business for $500 million to c.c.l. industries of canada. shares of a.v.y. rallied 6.4% to a new 52 week high. it also helped the company reported a much stronger than expected fourth quarter profit. a couple of employment firms were rallying today, on the back of earnings. manpower gained 6.7%, closing at a new 52 week high. earnings slowed from last year, but were stronger than expected. robert half international rose 6.6%, also at a new 52 week high, as earnings growth was better than forecast. four of the five most actively traded exchange traded funds were lower. the short term s&p 500 volatility not
tuesday in red, the 22nd of january. that's the day the united states senate could decide whether to return from the dead by reforming the filibuster and allowing democracy to work. once upon a time, the filibuster enabled a clique of senators, or even just one, to prolong things by speaking. you had to hold the floor continuously by not shutting up until you drop. that's what happened when mr. smith went to washington. >> mr. smith is here to see democracy's finest show of filibuster. free speech in its most dramatic form. well, i'm going to stay right here and fight for this lost cause. even if this room gets filled with flies. and if all the armies come marching into this place, somebody will listen to me. >> no longer. the rules were changed in 1975, and these days that one senator, or a clique of them, can bring the entire senate to its these without being there in person or saying a word. while our founding fathers believed in checks and balances, they feared that kind of obstructionism. alexander hamilton, the handsome, conservative man on our $10 bill, argued against anyth
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